Board of the Pension Protection Fund Buys 12,900 Shares of Arch Capital Group Ltd. $ACGL

Board of the Pension Protection Fund grew its stake in shares of Arch Capital Group Ltd. (NASDAQ:ACGL) by 286.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 17,400 shares of the insurance provider’s stock after buying an additional 12,900 shares during the quarter. Arch Capital Group comprises approximately 1.6% of Board of the Pension Protection Fund’s holdings, making the stock its 19th largest holding. Board of the Pension Protection Fund’s holdings in Arch Capital Group were worth $1,669,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Geneos Wealth Management Inc. increased its stake in shares of Arch Capital Group by 157.9% in the first quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock worth $65,000 after buying an additional 412 shares during the period. Sivia Capital Partners LLC purchased a new stake in Arch Capital Group during the 2nd quarter valued at $253,000. Creative Planning grew its holdings in Arch Capital Group by 33.2% in the 2nd quarter. Creative Planning now owns 50,190 shares of the insurance provider’s stock worth $4,570,000 after acquiring an additional 12,503 shares during the last quarter. Cetera Investment Advisers grew its holdings in Arch Capital Group by 4.6% in the 2nd quarter. Cetera Investment Advisers now owns 59,031 shares of the insurance provider’s stock worth $5,375,000 after acquiring an additional 2,613 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its position in shares of Arch Capital Group by 8.5% in the second quarter. Avantax Advisory Services Inc. now owns 28,587 shares of the insurance provider’s stock valued at $2,603,000 after acquiring an additional 2,235 shares during the period. Institutional investors own 89.07% of the company’s stock.

Arch Capital Group Trading Down 0.8%

NASDAQ:ACGL opened at $92.17 on Friday. The company has a 50-day moving average price of $96.07 and a 200-day moving average price of $93.07. The stock has a market cap of $32.79 billion, a price-to-earnings ratio of 7.93, a P/E/G ratio of 3.78 and a beta of 0.40. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.13. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $103.39.

Arch Capital Group (NASDAQ:ACGL) last announced its quarterly earnings results on Monday, February 9th. The insurance provider reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.64. Arch Capital Group had a net margin of 22.07% and a return on equity of 16.73%. The company had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter in the previous year, the company earned $2.26 earnings per share. Equities analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Analyst Upgrades and Downgrades

ACGL has been the subject of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of Arch Capital Group from $106.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $104.00 target price (up from $102.00) on shares of Arch Capital Group in a research note on Thursday, February 12th. Barclays set a $104.00 price target on Arch Capital Group and gave the company an “equal weight” rating in a report on Thursday, January 8th. Citigroup reiterated a “buy” rating and issued a $120.00 price objective (up from $113.00) on shares of Arch Capital Group in a report on Friday, February 13th. Finally, Roth Mkm set a $110.00 price objective on Arch Capital Group and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Nine equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $109.20.

Insider Transactions at Arch Capital Group

In other Arch Capital Group news, insider David Gansberg sold 5,907 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $96.37, for a total transaction of $569,257.59. Following the transaction, the insider owned 336,559 shares in the company, valued at approximately $32,434,190.83. This represents a 1.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Nicolas Papadopoulo sold 21,930 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $96.31, for a total value of $2,112,078.30. Following the completion of the transaction, the chief executive officer directly owned 871,594 shares of the company’s stock, valued at $83,943,218.14. This represents a 2.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 78,267 shares of company stock valued at $7,291,637. Insiders own 4.20% of the company’s stock.

About Arch Capital Group

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.